Ahead of proposed financial regulation legislation from the Senate, regulators are on pace to close more delinquent banks this year than in 2009 following Friday's closure of seven banks in five different states which brings this year's total to 37.
Ahead of proposed financial regulation legislation from the Senate, regulators are on pace to close more delinquent banks this year than in 2009 following Friday's closure of seven banks in five different states which brings this year's total to 37. "The Federal Deposit Insurance Corp. took over First Lowndes Bank, in Fort Deposit, Ala.; Appalachian Community Bank in Ellijay, Ga.; Bank of Hiawassee, in Hiawassee, Ga.; and Century Security Bank in Duluth, Ga. The agency also closed down State Bank of Aurora, in Aurora, Minn.; Advanta Bank Corp., based in Draper, Utah; and American National Bank of Parma, Ohio. The FDIC was unable to find a buyer for Advanta Bank, which had $1.6 billion in assets and $1.5 billion in deposits. The regulatory agency approved the payout of the bank's insured deposits and it said checks to depositors for their insured funds will be mailed on Monday. The failure of Advanta Bank is expected to cost the federal deposit insurance fund $635.6 million."
Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.
- Learn to recognize failure and know the big difference between panicking and choking.
- At Big Think Edge, Malcolm Gladwell teaches how to check your inner critic and get clear on what failure is.
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Both panoramic and detailed, this infographic manages to show both the size and distribution of world religions.
- At a glance, this map shows both the size and distribution of world religions.
- See how religions mix at both national and regional level.
- There's one country in the Americas without a Christian majority – which?
Hungarian cartographer travels the world while mapping its treasures.
- Simple idea, stunning result: the world's watersheds in glorious colors.
- The maps are the work of Hungarian cartographer Robert Szucs.
- His job: to travel and map the world, one good cause at a time.
Yes, a coup d'état.
- Though we know today that his policies eventually ended the Great Depression, FDR's election was seen as disastrous by some.
- A group of wealthy bankers decided to take things into their own hands; they plotted a coup against FDR, hoping to install a fascist dictator in its stead.
- Ultimately, the coup was brought to light by General Smedley Butler and squashed before it could get off the ground.
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